Shipping's lack of capital could flatten the boom-bust cycle Shipping has had debt too cheap for a very long period of time, said Breakwater Capital chief executive Andreas Povlsen.
IMO secretary general set for second four-year term The IMO Council will discuss next week granting Kitack Lim a second term as secretary general beginning in 2020
Fuel rules to raise ocean freight by $7 per tonne, according to grain trade experts Engelhart Commodities Trading Partners' head of freight Fergus Garvin labels the 2020 sulphur cap 'the biggest disruption to ocean freight...
Lloyd's List forum to focus on the way ahead for shipping Our December 11 forum in London has assembled industry strategists to workshop and debate alongside our own editorial and data...
Danaos eyes scrubbers for first 11 vessels after profitable third quarter Charter rates provide full payback for scrubbers over three years, says chief executive John Coustas
Rogue shippers in the firing line as cargo safety plans gather support Misdeclared dangerous cargo is a serious issue for the industry and one with severe implications, both in terms of safety...
Teekay sees significant cash flows from new LNG carriers Teekay's LNG unit is increasing its distribution to $0.76 per common unit and is planning a tax change in the...
ICTSI appoints former APMT director as Asia Pacific head Mr Dawes' predecessor Christian Gonzalez has been appointed ICTSI's new global corporate head
Ichthys Field operator Inpex signs benefits deal with native peoples The group already provides various other assistance programmes that include helping students, the elderly and the disabled
Bolloré, PowerChina group wins bid to build Nigeria port Transshipment volumes are expected to hit 4m teu by 2040
Marsoft issues charter rate warning over trade war threat Marsoft argues that a fully fledged trade war would cut US-China traffic by 20% and trigger a global recession
Trump eyes 'make American shipping and energy great again' plan The White House wants to leverage $200bn in federal funding to stimulate more than $1.5trn in improvements over 10 years...
Viewpoint: Keeping abreast of maritime training standards This would be a very good time to look again at STCW to examine its structural validity
Daily Briefing Major box carriers unite to drive digital harmonisation | Maersk turns focus to capacity management | Shipping offers cautious welcome...
Middle East market helps boost results of Singapore OSV suppliers There will continue to be tough competition for rates, players warn
IMO urged to consider public access reform Corruption watchdog that had criticised the IMO for weak governance warns reforms are necessary to put the GHG emissions strategy...
Major box carriers unite to drive digital harmonisation The carrier association is inviting other lines to join the initiative, which will be openly available and free of charge...
American Shipping posts dip in third-quarter profits
Tidewater and Gulfmark seal merger with near unanimous shareholder vote
Denholm set to spend Dell cash at helm of Caledonia Maritime Shipping heir and well-travelled executive Keith Denholm has left his post at Lorentzen & Stemoco after one year to chase unicorns for US computer billionaire Michael Dell
Bondholders challenge GSL and Poseidon merger Fund managers argue deal hands reins to George Youroukos and his private equity partner, Kelso
Number of scrubber-fitted containerships nears 300 Yang Ming and MPCC add another 13 units to the total tally as interest grows from charterers for such vessels
Feedership values hit new low on market's uncertain outlook Secondhand boxship prices drop across the board as buyers wait on the sidelines
Can Japan's maritime cluster deliver on innovation? Shipping and shipbuilding heavyweight is struggling to profit from technological and management prowess as competition intensifies
Sinokor cans demolition ship sale as LNG rates hold strong Company believed to be looking at other laid-up vessels for potential reactivation
LNG newbuildings set to hit 50 with TMS Cardiff Gas in top slot Hyundai Heavy Industries bags 18 of the 44 vessels ordered so far in the year
Yamal LNG to boost working fleet by two Arc7s before end of this year
Shell sweeps into market for 30-strong tanker newbuild haul 'Project Solar' is setting tongues wagging on specifications, price and who might sign up with the energy major for product and chemical carriers
Waivers offer little respite to tanker owners in Iranian trades Even though their vessels are not subject to Washington's secondary sanctions, non-Iranian owners are now unlikely to return to the Islamic republic
Yasa bags solid price on sale of LR2 as rate rises strengthen tanker values
BW Dry Cargo quietly picks up kamsarmax bulker resale Latest transaction means the company will now welcome five bulkers from Tsuneishi in 2019
Hagland back to Falkeid for self-unloading bulker hire
CNOOC gets cold shoulder from Hoegh over second FSRU Chinese gas importers are seeking extra capacity for winter but Norwegian firm is giving a frosty reception to enquiries for seasonal contracts
Zim turns red despite best revenue since 2014 Israeli line says market started to recover in third quarter.
GNMTC fixes two suezmaxes on short charters at strong rates Libyan owner continues to extend front cover for its fleet as market sentiment firms up.
Seven Islands continues renewal with Sovcomflot tanker deal
Luc Smulders takes over at Paris MOU Former naval officer replaces retired Richard Schiferli.
Work on Bosporus canal will start next year Turkey says new waterway to cut traffic will be ready in 2024.
Scrubbers: the best solution or a cynical workaround? Majority of respondents believe exhaust cleaners are bad for the environment, but technology has its defenders in heated debate among TradeWinds readers.
Awilco cuts LNGC yard stay in booming market Norwegian owner wants gas carrier available to take advantage of record rates.
Danske Bank boosts Frontline with 2020 upswing in sight
Teekay LNG changing structure to lure investors End of partnership status aimed at encouraging big institutions to come on board.
Torm sells trio of tankers in latest renewal move Sales disclosed as Danish shipowner books a loss for the third quarter, which it sees as the market bottom.
Teekay Tankers keeps an eye on Opec as recovery shapes up Falling oil price could impact rates early next year, shipowner says.
Epic Gas confident fleet renewal efforts will fuel profit
Maran Gas Maritime looks to nudge up LNG fleet total
MTT Shipping inks its biggest feeders in China Malaysian owner renewing fleet with deal at Zhoushan Changhong.
PGS teams with NYK to sell seismic ship to Japan Norwegian owner wins JOGMEC tender with Ramform Sterling.
Wilhelmsen: 2020 fuel rules demand smart cost hedging Thomas Wilhelmsen says his group will use scrubbers, freight surcharges, speed reductions and derivatives to manage the higher price of low sulphur fuel.
HFW backs calls for action on misdeclared cargo incidents Law firm says owners, shippers, ports, IMO and regulators need to come together to tackle growing boxship fire problem.
ASL Marine posts larger loss in third quarter Singapore offshore group continues to suffer, but OSV segment starts to see improved utilsation.
Pyxis Tankers sees losses triple on weak MR market Product tanker specialist said anticipated improvement in chartering activity failed to materialise.
Liner giants plan trade association in digital drive Maersk, ONE, CMA CGM, MSC and Hapag say group will strive for "less red tape and better transparency".
FMC won't block PierPass changes The commission remains concerned about how terminal operators of the West Coast MTO Agreement will apply the joint fee pricing process.
Hyundai posts Q3 loss despite increased volumes Korean carrier will "put its utmost efforts to stably secure additional cargoes" to fill the 20 ships on order.
Ocean carriers 'paving the way' for digital standards IT executives from Maersk, MSC, CMA CGM, Hapag-Lloyd and ONE aim to create open standards that other stakeholders in the industry can freely use.
Trump nominates two for FMC commissioner vacancies
US inventory spike fails to blunt crude-price rebound Crude futures shrugged off reports of a sharp inventory build to settle higher as the market eyed larger-than-expected drops in refined-product stocks.
External: Praxis Energy Agents DMCC
Total-chartered VLGC in process of loading cargo at Ichthys terminal: sources The project is scheduled to proceed with the shipment of LPG and onshore condensate as appropriate, an Inpex spokesman said.
External: Global Risk Management
Supply glut pushes CFR Japan naphtha front-month timespread to 26-month low On outright prices, December CFR Japan naphtha swaps plunged $29/mt day on day Wednesday to be assessed at $519.25/mt.
Med refiners face logistics, banking issues with Iran crude despite waivers "There is lots of uncertainty on how to pay," a crude trader said.
South Korea's STX gets Lloyd's Register approval for LNG-fueled MR tanker The MR tanker design enables low bunker fuel consumption and helps curb SOx and NOx emissions, STX said.
Russian Novorossiisk bunkering operations show signs of recovery: sources Currently one tanker is delayed, Russian pipeline operator Transneft said.
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